Cryptocurrency-friendly bank Sygnum Bank continues expanding its crypto services by launching support for Cardano (ADA) staking. Sygnum announced on Tuesday that the firm has expanded its bank-grade staking offering with Cardano, allowing clients to generate rewards by staking ADA via the bank’s institutional-grade platform. ADA joins Sygnum’s growing crypto-staking portfolio, which features three proof-of-stake (PoS) protocols; Ethereum 2.0 (ETH), Internet…
Binance’s U.S. subsidiary announced that it will shutter trading for Flexa’s AMP token after the U.S. Securities and Exchange Commission (SEC) identified the asset as security. “We operate in a rapidly evolving industry and our listing and delisting processes are designed to be responsive to market and regulatory developments,” Binance US said in a blog post on Monday. The exchange…
Players in the US National Women’s Soccer League (NWSL) are reportedly set to miss out on the promised payouts of a deal with crypto broker Voyager after the firm went bankrupt. The league has told players they could miss out on funds they were promised as part of the sponsorship deal, Sportico reported on Monday. The partnership, announced in December…
Ethereum (ETH) dropped 6.78% over the past 24 hours, falling below $1,600. The second-largest cryptocurrency with a market capitalization of $192.73 billion is now changing hands at around $1,575 apiece. The current trading price is 67% down from its all-time high of $4,891 recorded in November 2021, according to data from CoinMarketCap. Ethereum’s bearish price movement may be attributed to…
New York Attorney General (NYAG) Letitia James has urged New Yorkers who’ve found themselves locked out of their accounts or who’ve been “deceived about their cryptocurrency investments” to contact her office. In an investor alert issued by the Office of the Attorney General (OAG), James said that “The recent turbulence and significant losses in the cryptocurrency market are concerning,” adding…
According to Chandler Guo, an influential Chinese bitcoin miner, a proof-of-work (PoW) version of Ethereum is “coming soon.” The news comes as The Merge is expected to be implemented on Ethereum during the week of September 19, and the growing discussions of delaying the highly anticipated proof-of-stake (PoS) transition. Chinese Miner Chandler Guo Says ‘Ethereum PoW’ Is Coming Soon Chandler…
In one of the most extensive hacks since Axie Infinity’s Ronin Bridge Sidechain in March, an exploit on the Nomad token bridge has allowed attackers to rob the bridge of roughly $190 million. “We are aware of the incident involving the Nomad token bridge. We are currently investigating and will provide updates when we have them,” Nomad tweeted Monday afternoon.…
This is an opinion editorial by Heritage Falodun, a Bitcoin analyst and computer scientist based in Nigeria. Expanding Bitcoin adoption across the African continent won’t only come through bitcoin its declaration as legal tender, but through easy and low-cost access as well. People’s opinions are colored with different perspectives, but mine is all about painting the big picture of what…
A recent study conducted by the European Central Bank (ECB) on identifying the ultimate cross-border payment medium crowned central bank digital currencies (CBDCs) as the winner against competitors, including banking, Bitcoin (BTC) and stablecoins, among others. ECB’s interest in identifying the best cross-border payment solution stems from the fact that it serves as the central bank of the 19 European…
The French cryptocurrency hardware wallet manufacturer Ledger is seeking to raise fresh new capital after raising $380 million in June 2021, according to sources familiar with the matter. The hardware wallet company Ledger is reportedly looking to raise at least $100 million from strategic investors. Crypto Hardware Wallet Manufacturer Ledger Is Reportedly Looking to Raise $100 Million in Funding According…
